A trio of Queensland property groups have unveiled plans for a $300 million mixed-use redevelopment of the former Noosa Bowls Club site, a proposal that would deliver more than 200 new homes in one of the Sunshine Coast's most supply-constrained markets.

Kilter Property, Frank Developments and Calile Malouf Investments are behind the plans for the 1.8-hectare site at <a href="https://www.apartments.com.au/new-apartments/99-noosa-drive-noosa-heads-qld-4567">99 Noosa Drive</a>, which would transform the long-vacant site into a new residential precinct featuring 208 apartments, retail, hospitality and public space.

The proposal comes as Noosa continues to grapple with housing affordability and a shortage of permanent accommodation, particularly for key workers. The site's location in Noosa Junction, close to shops, public transport and employment, aligns with the direction of Noosa Council's Housing Strategy, which encourages higher-density housing within established activity centres rather than continued urban expansion.

The draft plans include 48 affordable-by-design apartments and 48 rooming accommodation units aimed at key workers. Around 2,000 sqm of ground-floor retail and food and beverage space would activate the street frontage, alongside a new public town square and landscaped open space.

<img alt="Noosa" data-entity-type="file" data-entity-uuid="2dd02f53-1360-4e51-801e-bfd61a6c980e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-26%20at%208.44.34%E2%80%AFPM.png?VersionId=x1iNs3BSMN6Jy7YUwaBZMHRrrKX2hMpy" />

&nbsp;

Frank Developments Founder and Director Frank Licastro said the development would continue the company's focus on architecturally-led residential projects while addressing one of the region's biggest challenges.

"Not only will this project exude a sense of luxury, it will also enhance not only the built environment but also the surrounding community," Licastro said.

"Noosa's success relies on the people who live and work here. Providing well-designed accommodation for key workers is critical to supporting the local economy and ensuring the Shire can continue to thrive."

Kilter Property Co-Founder Huw Williams said the focus was on delivering additional permanent housing while creating a mixed-use destination that benefits both residents and the wider community.

"Our focus is on delivering a well-considered mixed-use project that provides more permanent housing options, supports local workers and businesses, and delivers an exceptional product for the local market," Williams said.

"The redevelopment vision aligns with the long-term evolution of Noosa Junction as a vibrant activity centre, creating a destination that enhances the area's character while delivering significant economic and community benefits."

Calile Malouf Investments, best known for its role in Brisbane's James Street precinct and The Calile Hotel, will bring its place-making experience to the project. The company recently commenced construction on The Calile Noosa hotel and says the residential development will complement its growing investment in the region.

CMI Director Cal Malouf said the aim was to create a walkable precinct combining housing, retail and hospitality while remaining true to Noosa's character.

"We see a similar opportunity in Noosa to deliver a vibrant, walkable destination that combines exceptional housing, hospitality and retail in one integrated project," Malouf said.

Brisbane-based Cavill Architects has been appointed to design the project.

Joel Robinson

Noosa Bowls Club to be redeveloped into mixed-use apartment precinct

One of Brisbane's last major riverfront redevelopment opportunities has taken a significant step forward, with Lendlease selected as the Queensland Government's preferred development partner for the former Visy site in South Brisbane.

The seven-hectare industrial site, positioned between South Bank and West End and 1.3 kilometres from the Brisbane CBD, will be transformed into a mixed-use precinct expected to deliver more than 4,000 new homes alongside extensive public open space and riverfront parkland.

The project is one of the largest urban renewal opportunities currently planned in Brisbane and is expected to play a key role in accommodating the city's growing population ahead of the 2032 Olympic and Paralympic Games.

Plans for the precinct include a network of riverfront promenades and boardwalks, new public plazas, parkland, amphitheatre-style gathering spaces and shared pedestrian and cycling links designed to reconnect the long-isolated site with the Brisbane River.

The Queensland Government is targeting delivery of the first homes and key public spaces before the 2032 Games, allowing the precinct to begin contributing new housing and public amenity well before the broader masterplan is complete.

The redevelopment is also expected to support more than 3,000 jobs across planning, construction and ongoing operations.

For Lendlease, the appointment adds another major urban regeneration project to its Queensland portfolio. The developer has operated in the state for more than 70 years and has delivered a number of large-scale mixed-use precincts in partnership with government.

Lendlease Development CEO Claire Johnston said the project represented one of Brisbane's most significant redevelopment opportunities.

"The transformation of the former Visy site represents a rare opportunity to reimagine one of Brisbane's most significant riverfront locations, deliver thousands of much-needed homes, and create long-term legacy," Johnston said.

"In partnership with the Queensland Government, we have the opportunity to create a new riverside destination that will help shape Brisbane's growth and how people experience the city for decades to come.

"This is exactly the type of large-scale, city-shaping development that will provide lasting benefits for Queensland, bringing together housing, jobs and world-class public spaces."

Deputy Premier and Minister for State Development, Infrastructure and Planning Jarrod Bleijie said the riverfront transformation would deliver a thriving new community precinct.

“The Crisafulli Government is delivering this golden opportunity to unlock a riverfront jewel for all Queenslanders,” Deputy Premier Bleijie said.

“This is a once-in-a-generation moment to reshape a significant slice of Brisbane and deliver lasting benefits – thousands of new homes, and public spaces for all Queenslanders to enjoy well beyond the 2032 Olympic and Paralympic Games – unlike Labor’s plan which would have delivered zero benefits and zero new homes.

“Queensland is well and truly open for business and through partnership with the private sector, we are accelerating delivery while ensuring strong housing, community and economic outcomes."

Early works on the precinct are expected to commence in April 2027.

Lendlease selected to deliver transformative South Brisbane riverfront precinct

Eddy Haddad's <a href="https://www.apartments.com.au/developers/level-33">Level 33</a> is levelling up its approved Wollongong development, as the coastal city south of Sydney continues to prove popular in the high-density development space.

Level 33, a longtime developer in the Wollongong area, has gone through the NSW Government's Housing Delivery Authority to upsize its approved two-tower development on the corner of Crown Street and Gladstone Avenue, just 100 metres from Wollongong Station.

The developer currently has approval for 252 apartments across two buildings rising to 19 storeys. It is now seeking approval for 33 and 38-storey towers that would deliver 467 apartments, including 67 affordable homes.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the development would comprise apartments above a three-level podium with around 1,100 sqm of retail space, along with basement parking for 448 vehicles.

According to the Urban Design Report by BKA, the proposal has the capacity to "reinforce the precinct's identity by strengthening links between health, education, and transport services, while also contributing to Wollongong's ongoing evolution as a key regional centre."

Wollongong is somewhat in vogue. Between Level 33 and Urban Property Group, the two developers have several thousand apartments planned across the city.

Level 33 is currently delivering Easterly Wollongong, one of its most boutique projects to date with just 21 high-end apartments, as well as Atchison &amp; Kenny, a 329-apartment development due for completion later this year.

The developer plans to redevelop the 13,088 sqm WIN Grand megasite into <a href="https://www.apartments.com.au/new-apartments/crown-square-216-238-keira-street-wollongong-nsw-2500">Crown Square</a>, a new $500 million precinct with nearly 600 apartments. It also has more than 900 apartments planned for the former Bunnings Warehouse site at the intersection of Gipps and Flinders streets.

Urban Property Group is also playing a major role in the city's transformation. Its five-tower Keira Place precinct will deliver more than 800 homes, and it has recently lodged plans for a further 300 apartments near Wollongong Station.

First look: Level 33 upsizes Wollongong apartment towers

Just a week after filing plans for the final stage of its major Keira Place masterplan, <a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has unveiled another significant housing proposal in Wollongong, this time targeting a prominent site opposite North Wollongong Station.

The developer has lodged a State Significant Development Application for a 38-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/4-4a-flinders-street-north-wollongong-nsw-2500">4-4A Flinders Street</a>, around one kilometre north of the <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place precinct</a> currently taking shape on the edge of the CBD.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="2b6428f1-6405-4038-8476-897de440e90d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium.png?VersionId=QLqEvK0OuCEwRC47oHNftrw2B1YqaHF8" />

Designed by Studio.SC, the proposal comprises a 38-storey mixed-use development containing 303 apartments, including 45 affordable housing units, alongside 174 co-living residences. The scheme also includes ground-floor retail space, extensive landscaping and public domain improvements.

Studio.SC noted in the proposal it "outlines a vision for a landmark transit-oriented mixed-use development centred around North Wollongong Station, designed to support the city’s future growth while responding to the NSW Government’s housing and planning reforms."

The architecture firm said the proposal responds to the opportunities and constraints shaping future growth within the 400-metre catchment of the station and represents "a coordinated and future-focused approach to urban intensification, contributing to the long-term evolution of North Wollongong as a connected, walkable and high-density station precinct."

The site occupies a strategic corner bounded by Flinders Street, Station Street, Stafford Street and the Princes Highway, directly opposite North Wollongong Station.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="7863adad-1f71-4022-b850-f44b252738fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium%20a.png?VersionId=WsU7av0g8_8R2tGHWxgHeFSlhu7yeY1V" />

The proposal follows Urban Property Group's recent submission for the second and final stage of Keira Place, which would deliver a further three buildings comprising 657 homes opposite Beaton Park. It builds on the first stage, which features 150 apartments across two towers and recently commenced construction.

Urban Property Group CEO Patrick Elias said breaking ground on the first stage marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/urban-property-group-unveils-trio-of-towers-for-next-stage-of-new-wollongong-precinct-keira-place">Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place</a>

First look: Urban Property Group plans next major Wollongong tower

<a href="https://www.apartments.com.au/developers/arada">Arada Australia</a> has wasted little time expanding its ambitions in Campsie, lodging plans for a second major project in the rapidly transforming town centre just months after unveiling its three-tower One Campsie proposal on Beamish Street.

The UAE-backed developer has now taken aim at one of the suburb’s most strategically positioned sites, filing a State Significant Development Application for a <a href="https://www.apartments.com.au/new-apartments/10-north-parade-campsie-nsw-2194">33-storey mixed-use tower</a> at 10 London Street and 43 North Parade, directly opposite the future Campsie Metro Station. The proposal is currently on public exhibition and represents another significant vote of confidence in Campsie's emergence as one of Sydney’s key transit-oriented growth centres.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the development would deliver 156 apartments above a podium containing retail and commercial space, creating a new residential and commercial gateway to the town centre. The scheme also includes a four-level above-ground parking podium and a dedicated residential amenity floor featuring wellness and recreation facilities. At least 10 per cent of the apartments would be allocated as affordable housing for a period of 10 years.

The proposal occupies a 1,631 sqm site bounded by London Street, North Parade and Dispensary Lane, immediately adjoining the future Metro station precinct and just metres from Beamish Street’s retail and dining strip. According to the Urban Design Report, the project seeks to deliver "a great place that prioritises human-scaled experience and provides spatial improvements to the area."

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="175a8324-015b-4856-abe3-ce6f23199fa7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium%20campsie.png?VersionId=742UGwXFhFBX4GEl6wX4PYIWREAgn6il" />

Woods Bagot describes the tower as a key marker within Campsie's next phase of growth.

"Located directly opposite the new Campsie Metro Station on North Parade, 10 London Street is a thoughtfully composed 33-storey mixed-use tower that contributes to the ongoing transformation of the town centre," the Architectural Design Report states. The report says the project is intended to provide "high-quality homes within a vibrant, connected urban environment, while helping define Campsie's future skyline."

A strong emphasis has been placed on the public realm. The ground floor incorporates over 500 sqm of retail space and active frontages along both London Street and North Parade, while the podium is wrapped by extensive landscaped planting intended to soften the building's scale and strengthen the pedestrian experience. The development would also widen surrounding footpaths and improve connections between the Metro station and the broader town centre.

Above the podium, residents would have access to more than 1,400 sqm of communal amenities, including a pool, gym and landscaped recreation spaces. A distinctive green-wall treatment extending across four podium levels forms a major architectural feature, helping differentiate the project within the emerging high-density precinct.

The tower's design is closely tied to the broader Campsie Town Centre Master Plan and the arrival of Sydney Metro. The Urban Design Report notes the proposal "directly supports the Campsie Town Centre Master Plan by delivering new homes in a location explicitly identified for growth, improved accessibility, and high-quality urban renewal." It adds that the project contributes to the master plan's vision for a strengthened town centre supported by thousands of new homes around the future Metro station.

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="bfd17654-253e-489a-bade-6278d63db412" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/base%20campsie.png?VersionId=3roJPMQGs36dazpkhvpvbDDP73Ld.Ica" />

The application follows Arada Australia's recently lodged One Campsie project at 124–142 Beamish Street and 16–18 Ninth Avenue, where the developer is seeking approval for 346 apartments across three towers rising 24, 32 and 39 storeys. Together, the two proposals would cement Arada Australia as one of the most influential developers shaping Campsie's future urban form.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-arada-files-for-trio-of-apartment-towers-in-campsie-town-centre">First Look: Arada Australia files for trio of apartment towers in Campsie town centre</a>

Arada Australia entered the Australian market in 2024 and has rapidly assembled a significant development pipeline across Sydney. Alongside its Campsie holdings, the developer is soon to launch <a href="https://www.apartments.com.au/new-apartments/wattle-green-2-fishburn-crescent-castle-hill-nsw-2154">Wattle Green</a> in Castle Hill, and has expanded its local operations following its acquisition of construction firm Roberts &amp; Co.

Located around 14 kilometres south-west of the Sydney CBD, the site sits at the centre of one of Sydney's fastest-changing middle-ring precincts. The Metro conversion of Campsie Station, combined with Canterbury-Bankstown Council's master planning framework, is driving significant residential intensification around Beamish Street and North Parade, with thousands of new homes expected over coming decades.

First look: Arada Australia doubles down in Campsie with 33-storey Metro-front tower plans

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

Prices in the Gold Coast off the plan apartment market will continue to increase over the next 12 months, Charter Keck Cramer forecast.

Charter Keck Cramer said in their <a href="/developments/gold-coast-qld">Gold Coast</a> State of the Market H2 2023 that until conditions stabilise and improve in the building sector, prices have to go up.

"Many recently launched projects are achieving strong sales and pricing results, especially those <a href="/news/qld/city-beat-march-2024-what-is-happening-in-the-gold-coast-off-the-plan-apartment-market">associated with well regarded builders</a>," the report read.

"A notable proportion of purchaser demand has come from interstate (predominantly NSW and VIC) given the lifestyle attraction and lower relative price points of the Gold Coast."

They noted that importantly in this cycle, foreign buyer activity has remained subdued which is very different to previous cycles which were underpinned by significant overseas buyer activity.

They said relative&nbsp;to other Australian cities in 2023, the Gold Coast’s apartment market showed more positive signs through robust sales and continued pricing growth. They added however that it is not without some key risks and challenges primarily in the building and construction space.

&nbsp;

<h2>Gold Coast Build Environment</h2>

Build costs and delivery times are a critical issue and risk for the Gold Coast market, CKC says, adding that some mainstream projects have become financially unviable due to the increase in labour and material costs.

"Many active projects are beachside and targeting premium price points and therefore new dwellings at the more affordable end of the scale are limited," CKC says.

"Infrastructure investment has turbo charged the cost of materials and labour, helping to position these as a key risk to the supply-side response. Paired with the cost of debt, the prospect of projects taking 50% longer to complete than pre-pandemic is eroding the feasibility of many projects in the pipeline and placing them on pause."

CKC says even&nbsp;on smaller projects, the stringent level of due diligence being undertaken by lenders towards builders is impacting the pace of funding.

<h2>Gold Coast Supply Metrics</h2>

In 2023 there were a total of 1,000 apartments launched to market, considerably lower than the 2,100 per annum average over the past decade.

The City Fringe and Central City Regions were the most active, accounting for 34 per cent and 30 per cent of launches.

Commencements in Gold Coast remained strong in 2023, bucking the trend of many cities across Australia.

In 2023, construction commenced on 2,100 apartments, a slight decrease than 2022 but well above the 10-year average of 1,900. Gold Coast’s City Fringe Region was the most active, accounting for more than 50 per cent of commencements.

<img alt="Supply" data-entity-type="file" data-entity-uuid="4f4c1c4c-4f28-468b-bbb6-3a9059e81ce5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-03-12%20at%2010.23.05%20am.png?VersionId=nJvkKGyg1i79Z0_UZD.rUzNNIJVzAFvv" />

In 2023, Gold Coast recorded 1,500 apartment completions, slightly higher than in 2022.

CKC says the coming 12 months will set a new peak for apartment supply in Gold Coast, with 2,700 apartments under construction and due to complete during 2024. That would mark a 46 per cent increase on the previous peak during 2020.

There is a total of 4,100 apartments currently under construction or being marketed and due to be complete between 2025-2026, however, a proportion of marketed projects are likely to be delayed given elevated project costs.

"While the increased completions forecast for the next 12-24 months poses an element of settlement risk (particularly for larger apartment schemes), strong recent price growth and low levels of foreign buyers has offset much of this risk. Furthermore, the low volume of residual stock within projects approaching completion poses little threat to those currently being marketed or soon to launched."

<img alt="GC" data-entity-type="file" data-entity-uuid="e3e7f0fe-35e7-4c15-8541-15f25e99ce46" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-03-12%20at%2010.23.52%20am.png?VersionId=Bf0848SkFZJU7kIBgxzY9lwPCqrSCC3W" />

<h2>2024 Property Outlook</h2>

CKC's analysis&nbsp;suggests that established stock will need to continue to reprice upwards.

"This will be followed by recently completed stock after which new off the plan stock will quickly reprice upwards across the market which offers the most affordable price points."

CKC's analysis of the Gold Coast’s housing market shows that the price gap between detached houses and established units is 44 per cent, a decline from 60 per cent over the past two years as demand has continued to funnel into the more affordable unit market.

"The Gold Coast has one of the most expensive housing markets in Australia and, quite simply, buyers need to make trade-offs should they wish to enter the for sale market with greater demand driven into the BTS apartment market."

&nbsp;

Gold Coast off the plan apartment market prices to continue to grow: Charter Keck Cramer

Sydney's off the plan market could see an increased demand in 2024 as Sydneysiders grapple with the cost of living in the most expensive capital in the country, Charter Keck Cramer forecast.

The property advisory giant's <a href="/developments/sydney-nsw">Metro Sydney</a> State of the Market H2 2023 said there is&nbsp;considered enhanced opportunity for apartment projects to receive increased demand in the Harbour capital, given buy to sell apartments&nbsp;represent the most affordable dwelling typology. They note however there needs to be a expectation recalibration due to budget constraints.

CKC believe 2024&nbsp;will continue a growing trend of “sub-market division” where projects within the same precinct are either successful or not based on adequately meeting demand expectations.

"Projects that are design-led, respond to target market requirements and feature a reputable builder will mitigate risk and show greater success," the report read.

CKC believe the “cascade" effect will continue to play out in 2024

"The “cascade” effect can be described as the trade-off/s made by occupiers in terms of the type of housing, number of bedrooms, location, type of tenure and number of people per household," the report read, adding that the trade-offs are primarily driven by buy or rent price points and availability of stock."

<h2>Sydney's new supply issues</h2>

Supply has been an issue across every capital city for a number of years.&nbsp;The NSW Government has committed to the provision of around 375,000 new dwellings between 2024 to 2029 to assist in meeting the National Housing Accord which is 75,000 dwellings per annum.

Last year there were only 8,300 apartments completed in Metro Sydney, around one-third of annual supply requirements. Only 6,300 apartments were launched, -31% below the previous low experienced during the pandemic.

"Launches are anticipated to increase meaningfully when interest rates are cut and there is greater certainty around the suite of new planning controls," CKC noted.

<img alt="CKC" data-entity-type="file" data-entity-uuid="60290cdd-c460-43e1-a00c-8e17894cac45" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-03-12%20at%209.56.36%20am.png?VersionId=r4jIZFLKbT9jmPGlUAY06hdc_.qUH1d4" />

In 2023, construction commenced on 7,200 apartments, the lowest number of apartment commencements recorded over the past decade and a decrease of -76 per cent on the peak commencements during 2016.

Sydney's middle and outer regions remain prevalent as new supply locations according to CKC.

"Sydney’s more centralised and middle regions have historically delivered the greatest volume of new apartments. Sydney’s Outer Region however demonstrates its growing importance to metropolitan Sydney’s apartment supply in an evolving market.

"The Middle and Outer Regions of Sydney are playing a key role in housing Sydneysiders and this trend is forecast to continue. The introduction of the Transit Oriented Development State Environmental Planning Policy will also provide a renewed focus on intensified infill development throughout a range of metropolitan locations."

<h2>Sydney off the plan apartment pricing</h2>

The report noted that the&nbsp;Sydney residential property market reflects a 68 per cent differential in median prices between detached houses and units.

"This median price gap is significant by historic standards and expected to funnel demand into the more affordable unit market, particularly as future price increases are anticipated to outstrip income growth," the report noted.

"The percentage of household income required to service a mortgage is close to the highest ever recorded and buyers now need to make tradeoffs should they wish to make a purchase decision."

<img alt="CKC prices" data-entity-type="file" data-entity-uuid="6e88ecee-c219-4483-b45e-f6206a50947c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-03-12%20at%2010.01.50%20am.png?VersionId=INT0eGYIf94Rf0rhyNCIMyHfeWxbrU93" />

CKC said price has become a more critical factor for apartments, with the differential between new off the plan and established apartments of greater consideration.

"This differential can often exceed 20% although the benefits of a new apartment have become less attractive than a more affordable established alternative product in the same location.

Recent median price growth in numerous established apartment locations has been driven by greater demand for more affordable secondary product. Until the price gap between “new” and “established” apartments narrows, there is considered less opportunity in the current market to increase off the plan pricing.

<h2>Sydney's 2024 Property Outlook</h2>

CKC believe that with expected rate cuts, or at least rate retention, coupled with the introduction of Federal Government Stage 3 tax cuts, the outlook for the residential property market is expected to be more favourable by mid-2024.

"Median apartment prices have shown incremental growth since the cash rate has (mostly) been on hold since mid-2023 and we anticipate that rate cuts will be a key impetus to stimulate confidence and accelerate price growth."

They said interest rate cuts and increased development capacity through planning policies will collectively not be enough to facilitate delivery of the unprecedented quantum of build to sell and build to rent apartment supply required to achieve the Federal and State Government aspirational housing targets.

"To conclude, the BTS and BTR apartment markets will continue to improve over the course of 2024 and with the market so chronically short of new supply there stands to be a very strong and elastic response as conditions start to improve over 2024 and into 2025."

Demand to come in Sydney's off the plan apartment market: Charter Keck Cramer H2 2023 Report

Property developer <a href="/developers/inca-property-group">INCA Property Group</a> has launched its Waitara parkside apartment development, Tara on Park, in collaboration with respected architects and interior designers <a href="/architects/aplus-design-group">Aplus Design Group</a>.

<a href="/new-apartments/tara-on-park-36a-38-park-avenue-waitara">Tara on Park</a> comprises 29 one, two, and three-bedroom apartments overlooking Mark Taylor Oval.

The apartment building is characterised by gently curved balconies and a thoughtful interplay of materials.&nbsp;

[smartcode_project:default project_id=136774 project_image_fid=211571]

Tara on Park is "designed &nbsp;to capture the simple elements of life – the large open spaces and natural toned material palette connects each residence to the outdoor environment.”

Generous floor plans define the interiors, with ground-floor apartments flowing to expansive private courtyard gardens. Three penthouse-level residences have sun-soaked wraparound terraces with district views.

[smartcode_project:default project_id=136774 project_image_fid=211574]

Each apartment features floor-to-ceiling glass that leads out to balconies, drawing in natural light and providing panoramic views of Mark Taylor Oval, Waitara Park Playground, and the Mark Taylor Tennis Courts.

The kitchens serve as a focal point for social gatherings, featuring a breakfast bar with timber batten detailing for a textured effect, and reconstituted stone in Calacatta marble for benchtops and splashbacks

All kitchens are equipped with Fisher &amp; Paykel appliances, including an integrated dishwasher, while penthouses will have the added luxury of twin ovens and a 90cm cooktop.

[smartcode_project:default project_id=136774 project_image_fid=211570]

Tara on Park also provides its residents amenities to enjoy, including a landscaped communal area featuring a barbecue and covered seating shaded by a towering established tree.

There will also be the convenience of basement security parking with lift access and storage cages for all apartments, with some two-bedroom and all three-bedroom units offering double parking.

[smartcode_project:default project_id=136774 project_image_fid=211576]

Tara on Park is just an eight-minute walk to Westfield Hornsby and a six-minute walk to <a href="/developments/waitara-nsw-2077">Waitara</a> station. The station provides a direct service to Wynyard station in the CBD within 40 minutes.

Tara on Park is slated for completion in July 2024.

[smartcode_project_cta:default project_id=136774]

Tara on Park launches to undersupplied Waitara apartment market

Busy Sydney builder developer Landmark Group has launched its latest residential apartment development.

The Blacktown project, dubbed <a href="/new-apartments/2nd-avenue-blacktown-11-second-avenue-blacktown">2nd Avenue</a> after its location on Second Avenue near <a href="/developments/blacktown-nsw-2148">Blacktown</a> Station, comprises 275 one and two-bedroom apartments above retail spaces in a 20-level tower designed by <a href="/architects/dko-architecture">DKO Architects</a>

The apartments feature open-plan living spaces leading to private balconies with district views.

[smartcode_project:default project_id=6757 project_image_fid=195356]

The heart of every home is its open-plan kitchen, complete with high-quality European appliances, stone benchtops, and a generously proportioned breakfast bar as the focal point.&nbsp;

Each apartment comes with basement parking, conveniently accessible via one of the six lifts.

[smartcode_project:default project_id=6757 project_image_fid=195357]

Shared amenities within Second Avenue, include a common BBQ area, lawn spaces, and a rooftop terrace—multiple settings for gatherings with friends and family.

&nbsp;

All developments by <a href="/developers/landmark-group">Landmark Group</a> come with a Quality Guarantee, backed by a ten-year Extended Structural Warranty on building structure, surpassing the NSW Government's six-year statutory requirement.

Landmark <a href="/news/nsw/landmark-launches-the-macquarie-collection-to-busy-macquarie-park-precinct">recently launched</a> their three-tower Macquarie Park apartment development, The Macquarie Collection.

[smartcode_project_cta:default project_id=6757]

Landmark Group launch new Blacktown apartment development, 2nd Avenue

National diversified property developer Fortis has officially launched <a>Wiltshire House</a>, its new mixed-use development in the heart of Richmond.

Wiltshire House offers 57 one, two and three-bedroom apartments, as well as premium office space and a modern ground floor retail precinct ideally set just off Swan Street near East Richmond Station.

<a href="/developers/fortis">Fortis</a> engaged <a href="/architects/sjb-architects">SJB</a> as the lead architect, in collaboration with landscaping by <a href="/landscape-architect/acre">Acre</a>, to reimagine the previously approved plans for the second building which had initially also been reserved for commercial uses.

This transformation from commercial to residential design reflects Fortis' response to the pent-up demand for high-quality residential properties in Melbourne's inner suburbs.

[smartcode_project:default project_id=13181 project_image_fid=257381]

The apartments, with a refined natural palette, are designed with large open-plan living areas leading out to balconies via double-glazed window doors.

The kitchen, equipped with Swiss V-Zug appliances, includes a stone island bench and a butler's pantry, while the master&nbsp;bedroom is accompanied by a stone-topped ensuite.

[smartcode_project:default project_id=13181 project_image_fid=256233]

Victoria's General Manager of Development, Tim Mills, says Wiltshire House aims to create a lifestyle precinct.

“As with our Sydney and Brisbane projects we are aiming to deliver more than just residences – by emphasising the existing local DNA of the areas in which our projects sit, while ensuring connection between our network of neighbouring projects within the same suburbs, we can create lifestyle precincts that add value to locals and visitors as well as our own buyers," Mills says.

[smartcode_project:default project_id=13181 project_image_fid=256232]

Ben Baines from <a href="/project-marketer/colliers">Colliers</a> also highlighted the exceptional location of Wiltshire House.

"The location within&nbsp;<a href="/developments/richmond-vic-3121">Richmond</a>, along with the Activity Centre zone which permits retail, residential and commercial, is what really sets this site apart from others," Baines says.

[smartcode_project:default project_id=13181 project_image_fid=256236]

While ideally located around the corner from the&nbsp;cafes, restaurants and bars Richmond is famous for, Wiltshire House is also home to a number of resident amenity, including a&nbsp;and a landscaped rooftop with wellness facilities like a gym, yoga space, sauna, and showers.

There's also communal dining and entertaining spaces with city views.

[smartcode_project_cta:default project_id=13181]

Fortis launch mixed-use Richmond development, Wiltshire House

Luxury apartment developer Central Element has revealed what it intends to do with its prime Bondi Beach site they acquired last year.

The developer, led by Nathan Chivas, has filed plans for seven luxury residences on the amalgamated 2,050 sqm site fronting Sandridge and Wilga streets.

CE paid around $50 million for 20-22 Sandridge Street and 21 Wilga, Street a sloping block which runs down to the Bondi to Coogee walk.

<img alt="CE" data-entity-type="file" data-entity-uuid="0a2d2512-f984-41e5-a840-96e4c834adad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-25%20at%2012.07.17%20pm.png?VersionId=tXTg4cYrsCTnLGbB3s47EinqOjlJgzuF" />

At the top of the site fronting Sandridge Street there will be two duplex-style homes above a turntable parking system which will offer each residence two parking spaces.

Flipping the traditional home on its head to maximise the ocean views from the living spaces, CE had Brian Meyerson's MHNDUnion position the three bedrooms on the ground level. The master suite, at the rear of the building, will feature a walk through wardrobe, ensuite, and a 35 sqm terrace with a plunge pool and a built-in barbecue and bar space.

Above is the main kitchen living and dining area with&nbsp;over 90 sqm of internal living space and a terrace at either end of the home.

<img alt="Bondi Beach" data-entity-type="file" data-entity-uuid="e3169dda-5ad9-41a5-9709-f0f4745bf0bd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-03-11%20at%202.12.53%20pm.png?VersionId=i91HQZodpWQ6YfCMheoOZ7xOFFsSqlCL" />The project from Sandridge Street. Image credit: MHNDUnion

The other five residence will be located at the other end of the site, divided from the homes by extensive landscaping by Dangar Barin Smith.

The lower ground level of the boutique apartment building will home two 150 sqm, side-by-side apartments with three bedrooms and a 65 sqm terrace with a pool.

The ground level is a 190 sqm unit with three bedrooms, a study space, and a living space which opens to a full width 95 sqm terrace with a spa.

Above will be arguably the most impressive residence of all, a 217 sqm apartment with three bedrooms, a home office that could double up as a second living room, and the same size terrace as below with the best views over the ocean.

MHNDUnion noted in their Design Statement submitted to the Waverley City Council that the sloping terrain offers excellent vantage points showcasing Ben Buckler, Bondi Beach, and Squid Bay to the north and northeast.

"Benefiting from proximity to the vibrant Bondi life, the site is conveniently close to the commercial strip along Bondi Road, and a number of shops, restaurants, and bars including Bondi Iceberg. Additionally, it establishes a more secluded connection with the surroundings, providing access to views in the north/ northeast and the coastal walk on the east."

<img alt="Bondi CE" data-entity-type="file" data-entity-uuid="97898b89-dc43-4fbd-b35d-1613c0d37982" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-25%20at%2011.51.46%20am.png?VersionId=C1WhTZ1u0QIopGRTOfstoi.6p9N_Hf1F" />

&nbsp;

They said the architectural design of the residential flat building at the rear adapts to the sloping site by incorporating stepped structures.

"The residential flat building incorporates sculptural blade walls and textured panels on its facade, strategically opening towards the scenic views. In contrast, the houses exhibit a simpler built form with brick details and undercover entries along the building’s sides."

"The proposal will provide a high quality and sympathetic addition to the neighbourhood, whilst offering a variety of housing options for different demographics and living needs."

When speaking to Nathan Chivas late last year, he said when developing in the best locations, you have to create an A-grade product.

“If you find a location and create A-grade product that matches that location, then you know you’ll have strong demand no matter where the property cycle is at,” Chivas says.

He spoke about having to bring a story to life at the top end of the market, whether it's through bringing in heritage or other luxury design element.

"Ultimately these types of developments need to be a cut above the rest. They need to be more than an apartment in a great location. The money demanded by these projects, and the buyers of the projects, demand nothing less."

Read more:&nbsp;<a href="/news/nsw/the-story-behind-central-elements-push-for-ultra-luxury-in-sydneys-best-suburbs-five-minutes-with-managing-director-nathan-chivas">The story behind Central Element's push for ultra-luxury in Sydney's best suburbs: Five minutes with Managing Director Nathan Chivas</a>

First look exclusive: Central Element's ultra-luxe Bondi Beach plans revealed

Estate Property Group has launched its latest development, Rodley Place, in a prime location at Rodley Avenue on the fringe of Penrith's bustling CBD.

<a href="/new-apartments/rodley-place-44-48-rodley-avenue-penrith">Rodley Place</a> offers 30 two and top-floor three-bedroom apartments and penthouses, with ground-level apartments extending to generous private courtyards, while street-facing homes boast individual entries.

Designed by <a href="/architects/morson-group">Morson Group</a>, the exterior of Rodley Place showcases a muted earth brick façade, a departure from the typical developments in the vicinity.&nbsp;

The blend of earthy tones, coupled with contemporary touches, is accentuated by modern vertical blade fencing on the balconies—amplifying the sense of space but also highlighting the standout brickwork.

The interiors, curated by Salt &amp; Stone Interiors, feature high ceilings, large windows, and expansive balconies offering panoramic views of The Blue Mountains and Club Paceway.&nbsp;

<img alt="Rodley Place Launch" data-entity-type="file" data-entity-uuid="2259e7ef-0d55-46ff-aa5e-bdb98c9000ce" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Rodley%20Place%20Livig.jpg?VersionId=ast5kBV5f6GGZuqHHOYscmD2AGOzd14q" />

The open-plan living spaces are complemented by kitchens equipped with Fisher &amp; Paykel appliances, floor-to-ceiling soft-close cupboards, undermount sinks, and finger mosaic-tiled splashbacks.

Every bedroom in Rodley Place comes equipped with built-in wardrobes, adding to the convenience and practicality of every living space.

<img alt="Rodley Place Launch" data-entity-type="file" data-entity-uuid="449bc040-2ece-48d1-817c-0b1bfe6a0a65" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Rodley%20Place%20bdrom.jpg?VersionId=guXHeVhJJji0Zl7d5TX.IhXm4dSkjJlz" />

Rodley Place also offers a range of amenities aligning with sustainability and lifestyle trends, including rooftop solar panels with accompanying Tesla batteries, an electric car charging station, designated basement car parking spaces, and secure storage cages.

the project is ideally located just next to the&nbsp;<a href="/developments/penrith-nsw-2750">Penrith</a>&nbsp;Harness Racing Club and Blue Bet Stadium, as well as the&nbsp;<a href="/developments/penrith-nsw-2750">Penrith</a>&nbsp;Station and the heart of the activity centre.

Rodley Place is expected to be completed by November 2025.&nbsp;

[smartcode_project_cta:default project_id=142751]

Penrith set for rare new apartment development as Rodley Place launches

As a developer, there's no greater sign of confidence when a fellow developer buys in your project.

That was the case for boutique <a href="/developments/gold-coast-qld">Gold Coast</a> townhouse developer <a href="/developers/highlife-homes">Highlife Homes</a> at their recently completed four-pack townhouse project in <a href="/developments/miami-qld-4220">Miami</a>, Harmoni on Hythe.

When it was approaching completion, veteran developer Coral Knowles, who has built and developed thousands of dwellings over the years and has been involved in both residential and commercial investment, secured her Harmoni on Hythe villa.

When asked why <a href="/buildings/harmoni-on-hythe">Harmoni on Hythe</a>, for a buyer who really could have picked anywhere up and down the Gold Coast, Knowles said there weren't many boxes it didn't tick.

"I thought it was so unique," Knowles recalled.

"It's right near Miami Beach, one of very few beaches which has retained the relaxed beachside lifestyle the Gold Coast is known for. There's coffee shops within a few steps, the surf life-saving club, and transport options. It has everything you'd need."

[smartcode_project:default project_id=140364 project_image_fid=214022]

Knowles was wearing two hats when talking to the development team, as both a buyer and a longtime developer.

"My husband is a builder and he spoke to the construction team onsite, as well as Highlife Director James George" Knowles said.

"After a 10-minute conversation he walked away and said 'these guys know what they're doing.'"

The four-bedroom townhouse with views to Miami Beach was initially spotted by Knowles' granddaughter who attends Bond University. Knowles was buying a Gold Coast beach home for the predominantly Melbourne-based family, which her granddaughter could reside in during her studies

"My granddaughter had been tasked with going and finding something near the beach which will suit a number of uses," Knowles said.

"I flew up to the Gold Coast and she showed me the townhouse. After inspecting the development and speaking to the team, there was nothing more to see, we knew that it was the one."

[smartcode_project:default project_id=140364 project_image_fid=218337]

The sales process was also something that Knowles said was a pleasant experience, rather than it being stressful like most property purchases.

"The Highlife team were so accommodating with every request and we're well engaged during the process. The whole transaction was a pleasant experience," Knowles said.

"To deal with a small, internal team, it doesn't feel like you're being sold to. James Macqueen was the first face we saw at the display and he was our point of contact throughout the whole buying journey. It was a refreshing change of pace to get an end-to-end service from one person.

"From our first conversation to handing over the keys and now to after-purchase care, James and the Highlife team really know how to make things run smoothly and make any prospective purchaser feel comfortable and at ease during the buying process."

[smartcode_project:default project_id=140364 project_image_fid=218328]

Having now stayed in the home, Knowles says it evokes a very classy feel.

"The fixtures and fittings are everything you would choose for your own home. There's gold tinted taps and even an internal lift. Every part of the project, from the interactions with the builders, sales team, and now the quality of the townhouse, has exceed expectations."

[smartcode_project:default project_id=140364 project_image_fid=214024]

There is now just one townhouse remaining at Harmoni on Hythe.

The striking side-by-side townhouses have been cleverly designed to cater for everyone from a downsizing family with kids and grandkids, to a weekender for a Brisbane city dweller, given its location just 160 metres from the beach.

They each have four bedrooms, but the fourth bedroom, on the top level of the townhouse, is also designed to be a perfect multi-purpose space or second living room, given it opens onto the outdoor roof terrace which features a full barbecue kitchen.

[smartcode_project_cta:default project_id=140364]

Why veteran developer Coral Knowles bought a Harmoni on Hythe townhouse in Miami

South East Queensland has been one of the most heavily invested in regions since over the last four years since the onset of COVID-19.

The appetite has come from both southern state dwellers and locals who have jumped into the property market off the back of exponential growth in population caused primarily by the lockdowns across Sydney and Melbourne.

The region is expected to continue to grow given the Brisbane 2032 Summer Olympics and the government infrastructure pipeline that comes with it. The government is expected to spent upwards of $7 billion on venues alone, as well as billions of dollars on better connecting Brisbane to the Sunshine Coast to the north and the Gold Coast to the south

<a href="/developments/brisbane-qld">Brisbane</a>, the <a href="/developments/sunshine-coast-qld">Sunshine Coast</a> and the <a href="/developments/gold-coast-qld">Gold Coast</a> have been particularly popular with investors so far in 2024. We've rounded up the most popular projects&nbsp;

<h2>Project: JURA Noosa</h2>

<h3>Location: 26 Headland Drive, Noosaville QLD 4566</h3>

<h3>Developer: Capital Prudential</h3>

Fund manager and developer <a href="/developers/capital-prudential">Capital Prudential</a> has found a sweet spot in <a href="/developments/noosaville-qld-4566">Noosaville</a>, the hub of the Sunshine Coast just two kilometres from Noosaville's Gympie Terrace activity centre and six kilometres to the popular Hastings Street on the beachfront.

<a href="/new-apartments/26-headland-drive-noosaville">JURA</a> comprises 38 two-bedroom single-level apartments and dual-level townhomes designed by <a href="/architects/blackwood-architecture">Blackwood Architecture</a>, offering one of just a handful of new developments the area has seen in recent years and is likely to see going forward. The scarcity of new developments in Noosa has seen investors show significant interest.

[smartcode_project:default project_id=142312 project_image_fid=248932]

Its central location and excellent connectivity are a highlight for JURA, which is located 15 minutes from the Bruce Highway and only a 30-minute drive to the <a href="/new-apartments/sunshine-coast-qld">Sunshine Coast</a> Airport.&nbsp;

The townhouses are also located ideally just off Eumundi Road opposite the Noosa Leisure Centre and Noosa Library, while also offering future JURA residents easy access to the Noosa River and just six kilometres from Hastings Street.

JURA provides practical amenities, such as exclusive residence carports, a lock-up garage for townhomes, and ample visitor parking, while also having low body corporate fees compared to similar properties in the Noosa region.

<h2>Project: Ruby Ruby</h2>

<h3>Location: 12 Crombie Street, Milton QLD 4064</h3>

<h3>Developer: Kokoda Property</h3>

<a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a> has once again secured a spot in Apartments.com.au's top enquiries for residential developments in <a href="/new-apartments/brisbane-qld">Brisbane</a>.

The Urban community has identified Ruby Ruby's primary strengths as a solid investment and a high potential for capital growth. This positive reception is attributed to a combination of appealing factors, including diverse amenities, a variety of floor plan designs, and a great location.

National apartment developer <a href="/developers/kokoda-property">Kokoda Property</a> was very strategic in their acquisition of the site for Ruby Ruby.

[smartcode_project:default project_id=139032 project_image_fid=232275]

“Brisbane is rapidly transforming into a new world city; its culture, business centre, technology, and lifestyle is evolving with over $40 billion of infrastructure investment planned, so naturally there is a shift occurring with demand now skewed towards sophistication and luxury residential design," Kokoda Property Founder and Managing Director, Mark Stevens said.

Ruby Ruby is ideally located just behind the <a href="/new-apartments/milton-qld-4064">Milton</a> Train Station, a three-minute train to Roma Street Station. The site has also quickly garnered attention for its quirky cafe and brewery scene attracting young professionals.

[smartcode_project:default project_id=139032 project_image_fid=232284]

The <a href="/architects/cottee-parker-architects">Cottee Parker</a>-designed development will rise 21 levels from 12-18 Crombie Street and will comprise 144 apartments and several luxury penthouses, ranging from 65 sqm to 155 sqm. Prices for Ruby Ruby start at $654,000.

Stevens said the team has also carefully considered the inclusion of extra, premium amenities.

Ruby Ruby will feature a wellness rooftop with a wet-edge swimming pool that spans the full width of the building. Completing the fitness component of the rooftop is a health and wellness space with a gym, infrared sauna, spa, plunge pool and yoga studio.&nbsp;

Kokoda is also catering for the working-from-home trend with several meeting rooms on the ground level, while the podium will be home to a private dining and lounge area, a cinema room, and a billiards room.

<h2>Project: Victoria &amp; Albert</h2>

<h3>Location: 20 Albert Avenue, Broadbeach QLD 4218</h3>

<h3>Developer: Iris Capital</h3>

<a href="/developers/iris-capital">Iris Capital</a>'s flagship Broadbeach development, <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">Victoria &amp; Albert</a>, has seen a surge in buyer demand over 2023, seeing a diverse buyer profile according to Colliers sales agent Paul Putsay but most especially "attracting a delightful clientele of fly-ins and fly-outs in the Albert tower, while there's been an uptake from hybrid investors and occupiers in the Victoria building."

Investor interest has persisted this year, buoyed by the strength of the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>’s employment market and the massive investment in infrastructure across the city.

V&amp;A will bring over 400 apartments to the central <a href="/developments/broadbeach-qld-4218">Broadbeach</a> area, on the site of the former Niecon Plaza.

[smartcode_project:default project_id=107928 project_image_fid=234088]

One notable factor contributing to the development's popularity is the presence of a $200 million commercial retail and fresh food precinct, located underneath the residential towers.

This has particularly resonated with buyers from <a href="/new-apartments/melbourne-vic">Melbourne</a> and <a href="/new-apartments/sydney-nsw">Sydney</a>, who appreciate the convenience and vibrancy offered by this vibrant commercial hub.

[smartcode_project:default project_id=107928 project_image_fid=234097]

Residents will also have access to the Podium Club facilities located on the fourth level, including a 25-metre lap pool with an outdoor dining and barbecue area, a spa and steam room, a Zen garden, a yoga deck, a boutique resident's lounge, and a kid's club area with a playground.

Topping off the iconic residential offering is the Residents Sky Lounge on the top level of the Victoria tower. It includes luxury dining, lounge, wellness, and work zones that are perfectly designed to embrace the spectacular views of the surrounding coastline.

<h2>Project: UNIQ</h2>

<h3>Location: 2-4 Waterford Court, Bundall QLD 4217</h3>

<h3>Developer: Devlink Group</h3>

<a href="/developers/devlink-group">Devlink Group</a>'s <a href="/new-townhouses/uniq-bundall-2-4-waterford-court-bundall">UNIQ</a> townhouses will be a rare addition to <a>Bundall</a> and are set to benefit from the $370 million redevelopment of the Gold Coast Turf Club just across the Nerang River.

The 22 townhouses will each front the river and have three bedrooms and a self-contained multi-purpose room. They start from $1,395,000.

[smartcode_project:default project_id=114207 project_image_fid=233789]

The latest ABS data shows less than 20 per cent of the dwellings in <a href="/developments/bundall-qld-4217">Bundall</a> are townhouses, which is a rare opportunity to invest in an exclusive and high-demand property.

A townhouse opportunity doesn't come along often, and an opportunity to buy brand new, especially in a suburb more well-known for large family homes, only presents itself every few years.

[smartcode_project:default project_id=114207 project_image_fid=233795]

The location is also one of the most standout factors of UNIQ.

Devlink Group Head of Marketing, James Ball, said the project is an opportunity to deliver an incredible addition to the area at a time when the Sunlight Lifestyle Precinct is set to transform Bundall into one of the most in-demand locations on the entire Gold Coast.

Situated on a prime site on Waterford Court, a small cul-de-sac street with just a handful of homes that front the river, UNIQ takes up an unrepeatable spot within a few minutes walk from the Gold Coast Turf Club.

The waterfront properties will also feature private plunge pools, while the broader development will have access to a communal swimming pool and barbecue facilities.

<h2>Project: Pearl Main Beach</h2>

<h3>Location: 3550-3552 Main Beach Parade, Main Beach QLD 4217</h3>

<h3>Developer: Raptis</h3>

The <a href="/developments/main-beach-qld-4217">Main Beach</a> market demographics point to a steady and large portion of owner-occupiers and downsizers, making the suburb an enviable location for budding investors.

This is all thanks to the convenience of living close to the <a href="/new-apartments/marina-mirage-74-seaworld-drive-main-beach">Marina Mirage</a>, which has an array of boutique shopping and waterfront dining experiences.

[smartcode_project:default project_id=106752 project_image_fid=169993]

"Main Beach is a suburb that has everything", <a href="/developers/raptis">Raptis</a> Joint Managing Director Evan Raptis told Urban.

"It has a shopping and dining prescient, close to the beach, 5-star hotels, theme parks and Broadwater boat access all within the one suburb. Nowhere else on the Gold Coast can offer that."

[smartcode_project:default project_id=106752 project_image_fid=182210]

Apartments at developer Raptis' <a href="/buildings/pearl-main-beach-3550-3552-main-beach-parade-main-beach">Pearl</a> on Main Beach Parade were snapped up largely by owner-occupiers, both locals who are looking to downsize and interstate couples.

Rising 30 floors, Pearl is a collection of 80 apartments, including a luxury two-level penthouse, with just three-bedroom apartments left.

Pearl also features state-of-the-art, resident-exclusive amenities like a rooftop swimming pool with 180-degree views of the Gold Coast coastline, a gym overlooking the Pacific Ocean, a barbecue and alfresco area, and a private dining suite.

The region is expected to continue to grow given the Brisbane 2032 Summer Olympics and the government infrastructure pipeline that comes with it.

South East Queensland's top five apartment developments for investors in 2024

The Melbourne unit market bounced back in February as values in Australia's two largest capitals look to be trending up again.

The unit market in Melbourne outperformed houses, with units up 0.2 per cent over February compared to the house market up just 0.1 per cent.

CoreLogic Research Director Tim Lawless said that although&nbsp;growth rates in <a href="/new-apartments/sydney-nsw">Sydney</a> and Melbourne home values have levelled out, the monthly trend has accelerated, with Melbourne emerging from a three month slump of negative monthly movements to record a subtle 0.1 per cent (dwelling) rise in February."

Sydney dwelling values also moved back into positive territory over the past two months after recording a subtle decline in November and December.

“Potentially we are seeing some early signs of a boost to housing confidence as inflation eases and expectations for a rate cut, or cuts, later this year firm up,” Lawless said, adding that an&nbsp;improvement in consumer spirits has historically played out positively for housing activity, with higher sentiment generally accompanied by a lift in home sales and vice versa.

"Westpac and the <a href="/new-apartments/melbourne-vic">Melbourne</a> Institute reported a 6.2% lift in the consumer sentiment index for February, taking the reading to the highest level since June 2022."

<h2>What's happening in the Melbourne off the plan apartment market?</h2>

There were three major apartment launches over February, scattered throughout Greater Melbourne and even a rare development down on the Mornington Peninsula.

That was a boutique development in <a href="/new-apartments/rye-vic-3941">Rye</a>, on its way to the popular Portsea and Sorrento hotspots. <a href="/project-marketer/jellis-craig-projects">Jellis Craig Projects</a> Director Stephen Bowtell says the project was received by the market on the launch late last month, particularly by inner-city dwellers who were looking for a lock up and leave weekender on the Peninsula.

[smartcode_project:default project_id=138483 project_image_fid=253203]

"You're in the heart of the Peninsula, 50-metres to the sand and across from the Rye Sailing Club. A house down on the Mornington Peninsula doesn't get you that," Bowtell said.

Each of the one, two and three-bedroom apartments come with their own beach box-style storage spaces. Given the proximity to the sand, they are in essence a beach box.

[smartcode_project:default project_id=138483 project_image_fid=253215]

Developer Curtis York, founded by Nick Peters and James Way, is behind&nbsp;2135 Point Nepean Drive&nbsp;which has been designed by&nbsp;Cera Stribley Architects.

Prominent inner-city builder developer, <a href="/developers/pace-development-group">PACE</a>, launched their highly anticipated <a href="/new-apartments/fitzroy-vic-3065">Fitzroy</a> apartment development, <a href="/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy">Fabbrica</a>, toward the end of February.

They had <a href="/architects/sjb-architects">SJB</a> design a development of 78 one, two, and three-bedroom apartments and townhouses&nbsp;which integrates the industrial past of the site, once home to the Argyle Shirt Factory and Life Savers Confectionery Company, and connects to the&nbsp;contextual fabric and character of <a href="/new-apartments/fitzroy-vic-3065">Fitzroy</a>.

[smartcode_project:default project_id=139552 project_image_fid=254895]

PACE Sales Director Ash Bramich had a number of groups through, with a number of buyers wanting to customize their floorplans toward the upper end of the market.

"Some are wanting to move some walls around, taking a few metres from a living room to make a bedroom bigger," Bramich says.

"There's a small window that buyers can do that. Those who are downsizing in particular are very detailed-oriented with how they want the floorplan configured."

[smartcode_project:default project_id=139552 project_image_fid=254902]

The development provides a deliberate emphasis on larger apartments and offers personalisation options for buyers with two distinct colour schemes by <a href="/interior-designers/winwood-mckenzie-architecture">Winwood Mckenzie</a> or <a href="/interior-designers/bergman-co">Bergman &amp; Co</a>.

Fabbrica Fitzroy also features a number of amenities including an 800 sqm rooftop with&nbsp;views of the CBD, a bookable private dining room, communal kitchen, and lounge designed by Winwood Mckenzie, as well as dedicated work-from-home zones.&nbsp;

[smartcode_project:default project_id=139552 project_image_fid=240743]

<a href="/developers/gamuda-land">Gamuda Land</a> launched their <a href="/developments/st-kilda-vic-3182">St Kilda</a> project&nbsp;<a href="/new-apartments/fareham-st-kilda-95-st-kilda-road-st-kilda">Fareham</a>&nbsp;at 95&nbsp;St Kilda&nbsp;Road in February, which will bring another 78 apartments to the undersupplied Melbourne market.

The 18-level, development approved building was designed by BayleyWard and features a&nbsp;state-of-the-art fitness centre and a rooftop garden.

They're expecting completion in late 2026.

There were three major apartment launches over February, scattered throughout Greater Melbourne and even a rare development down on the Mornington Peninsula

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